Energem Corp. (NASDAQ:ENCPW – Get Rating) saw a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 71,400 shares, an increase of 6.4% from the December 15th total of 67,100 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 6.7 days.
Energem Price Performance
NASDAQ ENCPW opened at $0.09 on Wednesday. Energem has a 12 month low of $0.05 and a 12 month high of $0.26. The company has a 50-day moving average of $0.08 and a 200-day moving average of $0.08.
Get Energem alerts:Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ENCPW. Goldman Sachs Group Inc. purchased a new stake in shares of Energem during the 1st quarter worth about $45,000. Clear Street LLC grew its holdings in shares of Energem by 517.6% during the 2nd quarter. Clear Street LLC now owns 339,192 shares of the company's stock worth $29,000 after purchasing an additional 284,273 shares during the period. Ramius Advisors LLC purchased a new stake in shares of Energem during the 2nd quarter worth about $31,000. Saba Capital Management L.P. purchased a new stake in shares of Energem during the 1st quarter worth about $75,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Energem during the 1st quarter worth about $154,000.
About Energem
(Get Rating)Energem Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the energy industry. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
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